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Previous housing minister 'Would not buy property in Spain now'

Fri 18th Jun 2010

Spain's ex Minister for Housing, María Antonia Trujillo, has told a reader of El País in an online interview that she would not buy a flat in Spain now.

Trujillo was asked is she agreed with her successor's point of view, that now is the best time to buy a home.

The ex-minister replied that everyone has their own choices and should do what they think is best for them, but that she has been looking to buy for three years and would not do so now as she expected house prices in Spain to fall by a further 30-50%, and added that she hoped that this would happen quickly.

Trujillo was Spain's Housing Minister at the end of the real estate boom, and admitted her part of the blame for the crash saying that everyone from the regular citizen to the politician had to take their part of the blame. She added however that the then Minister for Tax and the Economy, Pedro Solbes, had opposed her ideas to remove tax breaks for house buyers.

However she thinks such incentives should be in place now, despite the Government's intention to remove them.

Asked if she missed being in Government, she replied ‘The best thing about being Minister is having been one'.

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